Marc Rowan on where he sees AI as a substitute vs a complement for humans: in areas where AI can’t determine how good their output is, humans still have to be in the loop, and in fact benefit from having AI.
“ In some things that have a right answer, accounting, trade ops, a number of other applications, we are going to see replacement.”
“In things that require judgment and know-how, we're gonna see augmentation or enhancement.”
Marc Rowan has quietly built Apollo from a distressed-focused private equity firm into one of the most important financial institutions in the world, now managing over $1T in assets and becoming the largest provider of retirement income globally.
In this fantastic conversation we covered lessons at Drexel from Michael Milken, Apollo’s origin story from a cold call from France, why AI could outgrow venture equity, and Apollo’s “play to win” culture.
We also connected over our shared belief that “Opportunities live between fields of expertise.”
This was really fun, hope you enjoy! cc
@apolloglobal